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Vision for future pays off  A Montreal architectural firm dedicated to building sustainable low-cost housing has surprised even itself by winning first prize and $100,000 in an international competition.read more...


Federal Mortgage Plan Falls Short, Critics Say (New York Times)  Federal statistics show that most people who have refinanced are homeowners who have made their mortgage payments on time, not borrowers in crisis.read more...


GFH raises $200m in Islamic bond sale  "We indicated to our new international shareholders, all of whom are leading western asset management houses or hedge funds managing trillions of dollars, that we would look to the debt


U.S. mortgage rates up in latest week; 30-year 6.23% (Market Watch)  CHICAGO (MarketWatch) -- U.S. mortgage rates jumped in the week ending Thursday, with the national average rate on the benchmark 30-year loan climbing to 6.23% from 6.12% a week earlier,


Popular 2/28 mortgages are no more  Lenders have abruptly stopped offering the most popular type of subprime mortgage. Borrowers suddenly find themselves with fewer options.read more...


Interest Rate Roundup  Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts.read more...

April 7th, 2006

Wal-Mart heads into battle over its bank plans

Wal-Mart Stores Inc., ever looking for ways to expand its already huge empire, is asking the government for permission to move into an entirely different industry: running its own in-house bank.

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